# Shriram Pistons & Rings to acquire majority stake in EMF Innovations

Shriram Pistons & Rings, through its wholly-owned subsidiary SPR Engenious, will acquire a majority stake in EMF Innovations, an electric motor design and manufacturing firm, to enter the EV space. The deal value was not disclosed.

- Type: Acquisition
- Announced: 2022-12-16
- Where: Singapore, Singapore
- Status: announced
- Products: electric motors, controllers, electric powertrain components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shriram Pistons & Rings](https://endata.com/companies/67378.md) (acquirer)
- [EMF Innovations](https://endata.com/companies/67379.md) (target)
- [SPR Engenious](https://endata.com/companies/67380.md) (acquirer)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/renewables/shriram-pistons-to-acquire-majority-stake-in-emf-innovations-to-foray-into-ev-space/articleshow/96271073.cms), 2022-12-16: "With this strategic investment, the company aims to expand its presence in electric vehicle (EV) space to supply electric powertrain components, such as motor and controller, covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles and commercial vehicles."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/shriram-pistons-rings-to-acquire-singapore-based-emf-innovations/articleshow/96275074.cms), 2022-12-16: "With this strategic investment, SPRL aims at expanding its presence in electric vehicle space to supply electric powertrain components such as motor & controller covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and buses."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.